Artcraft Manor Market Report-Long Beach CA Real Estate

Artcraft Manor 2009 Market Report

January 1, 2009 – June 30, 2009

Just south of the 405 Freeway and north of the traffic circle, you will find this charming area of Long Beach.  Artcraft Manor provides the best of two worlds: Easy, quick access to work, fabulous shopping and California State University, Long Beach (CSULB); plus a family-friendly, quiet neighborhood where you can enjoy outdoor activities like walking or jogging.  Homes in the Artcraft Manor neighborhood were primarily built between the early to mid 1900s.

Centrally located in the Long Beach area it is only a hop, skip or a jump to the beach, Belmont Shore, Downtown Long Beach, Bixby Knolls, Colorado Lagoon, or to El Dorado Park for a great day of golf or outdoor family fun.

2009 Home Sales in the Artcraft Manor Neighborhood of Long Beach California:

6 homes closed escrow in the first 2 quarters of 2009.

Average Price:  $408,583

Average Days on Market:  35

1 income property – duplex – closed escrow in the first 2 quarter of 2009.

Price:  $490,000

Days on Market:  26

3 condos sold in the Artcraft Manor neighborhood.

Average Price:  $186,666

Average Days on Market:  157

View all available homes and condos for sale in Artcraft Manor:

Property feed updates on a regular basis:

Contact the Laurie Manny Professional Group for all of your Long Beach real estate needs.

Long Beach Homes For Sale

• Long Beach Homes For Sale $300000 to $400000
• Long Beach Homes For Sale $400000 to $500000
• Long Beach Homes For Sale $500000 to $700000
• Long Beach Homes For Sale $700000 to $900000
• Long Beach Homes For Sale $900000 to $1200000
• Long Beach Luxury Homes For Sale $1200000 to $2500000
• Luxury Homes For Sale in Long Beach California $2.5 Million and up

Long Beach Condos For Sale

• Long Beach Condos For Sale $1,500,000 and higher
• Long Beach Condos For Sale $1,000,000 to $1,500,000
• Long Beach Condos For Sale $900,000 to $1,000,000
• Long Beach Condos For Sale $800,000 to $900,000
• Long Beach Condos For Sale $700,000 to $800,000
• Long Beach Condos For Sale $600,000 to $700,000
• Long Beach Condos For Sale $500,000 to $600,000
• Long Beach Condos For Sale $400,000 to $500,000
• Long Beach Condos For Sale $300,000 to $400,000
• Long Beach Condos For Sale Under $300,000

Long Beach Income Properties For Sale

• Income Property For Sale in Long Beach California-5+ Units
• 2 to 4 Units For Sale in Long Beach California
• Triplexes For Sale in Long Beach California
• Duplexes For Sale in Long Beach California

Contact us for further information on any of these Long Beach properties.  It will be our privilege to assist you in your next real estate purchase.

Read More Details

Posted on July 4, 2009 by Laurie Manny

Historic Victorian Bed and Breakfast For Sale in Downtown Long Beach California – 90802

LONG BEACH REAL ESTATE FOR SALE

The Turret House

Historic Victorian Bed and Breakfast For Sale

Downtown Long Beach California

The Turret House, a successful historic bed and breakfast in the heart of Downtown Long Beach California is For Sale. This elegant Victorian bed and breakfast provides its guests with a comfortable environment to unwind with period pieces throughout, and provides separate owners quarters, offering the new owner a comfortable and convenient lifestyle. Location is in the Wilmore Drake Historic District, one of 17 historic districts in Long Beach California.

Built in 1906, by a Kansas carpenter, this Historic Inn retains its charm to this day. Walking distance to the Downtown Long Beach business district the Victorian B & B provides a homey welcome to avid business travelers tired of spending the bulk of their time in typical hotels. The Inn was last renovated in 2003 with much attention spent on a beautiful restoration.

Business travelers account for over half of the room bookings. The Inn offers a unique travel experience for weary road warriors. A short walk into the Downtown business district the Inn has become a favorite for many business travellers tired of being on the road and wanting a more homey and comfortable environment. The Inn is also a favorite getaway for Anniversary celebrations and weekend getaways. Many Downtown locals book rooms for visiting family members. The Turret House also rents out the Inn for the use of Showers, Tea Parties, etc..

The business is solid, the Inn is usually fully booked. Even in the slower months of the year (November-December) the Inn is usually about 75% booked. The hotel has built expansive internet exposure, is highly rated and enjoys a friendly relationship with referring vendors. The Turret House provides a nice healthy, steady income for its current owners, it can for you too.

The Turret House has 5 themed guest rooms; all rooms have private baths, fireplaces, claw-foot tubs and showers, are lovingly decorated and are fully booked most of the year.

The Turret Room Five leaded-glass windows frame this cozy room, complimenting its 12 foot high turret from which the house derived its name. Full-size antique bed. A private bath with stall shower and slipper claw foot tub is steps from the Turret Door.
	Provincetown Room Embracing the Inns diversity, the Provincetown Room is the jewel of the house, with antique four-poster queen bed and matching carved wood dresser sink. Artwork by prominent P-Town artist Doug Marr graces the walls and French doors lead to a private balcony where guests may sit and enjoy their mornings or cool evening breeze. Private bath.
Queen Mary Room Named after our citys historic ocean liner, this room features sky blue walls and artifacts from the ships sailings. Queen bed, private bath.
	Vagabond Room As its name indicates, the Vagabond Room features a world traveler decor with mementos of far-away places and faces. King bed, private bath.
Dreamcatcher Room Slip away into surreal dreams in this relaxing room. Earth-tone colors with an eclectic mix of paintings and prints. Queen bed, private bath.

Each room currently includes television with DirecTV including free HBO, Cinemax and Showtime, fluffy bathrobes and free passes to nearby Golds Gym. Internet access is also provided. Guests may also relax in the Inns private outdoor spa. The Turret House is a pet friendly bed and breakfast that feels more like a grand old home.

The Turret House won the 2005 Long Beach Heritage Preservation Award and has been voted the best bed and breakfast by the Press Telegram. It is no wonder, a tour of The Turret House will leave you with the sense of having stepped back in time with every nook and cranny lovingly restored.

This fine bed and breakfast offers its new owner more than just a steady income stream, it offers a lifestyle. The on site, separate owners quarters make this lovely Inn an extension of your home. You will have to see this wonderful haven to understand the warmth it exudes.

Southern California, Long Beach and the Downtown Long Beach areas offer unlimited resort amenities and endless entertainment. Centrally located, Downtown Long Beach is just 6 miles from the Long Beach Airport, 20 miles south of LAX, 22 miles north of John Wayne Airport and 51 miles east of Ontario Airport.

Downtown Long Beach is a highly evolving urban redevelopment area. Over the last few years many new high rise condominiums have been built; historic buildings have been converted into highly desirable Manhattan style lofts and new business has been moving into the Downtown area. Plans for continued development continue into our future. More information on the redevelopment in Downtown can be located on the City of Long Beach Site here.

Guests can walk to area beaches, the Long Beach Convention Center, The World Trade Center, the Downtown business district, Pine Avenue, area restaurants, local galleries, the East Village Arts District, The Aquarium of the Pacific, Rainbow Harbor and The Pike.

If you are searching for the perfect Historic Bed and Breakfast, The Turret House may just be the perfect choice for you.

Contact Laurie today to explore the possibilities.

Offered at: $995,000

Listing Agent: Laurie Manny – Main Street Realtors Long Beach 562-212-5420

Contact Me

Read More Details

Posted on January 2, 2009 by Laurie Manny

Long Beach Home Buyers-Understanding Your Credit Scores

Long Beach Home Loans – Understanding Your Credit Scores

Understanding how your credit score will affect the purchase of Long Beach
homes.

We all know that a good credit score is not only helpful, but today it is necessary to get a mortgage to purchase Long Beach homes, or even buy a car.  Your credit score will also determine the interest rate you have to pay.

Factors that go into figuring a credit score?

• Have you Established Credit? Paying cash is often construed to be the act of a responsible consumer, by doing so you establish no history for a mortgage lender to examine. One way to establish credit is to get credit cards and use them – you can, and should, pay them off every month and on time.  A credit score considers the number of creditors as well as payment history.
  

Read Also: How to establish credit

• Prompt Payment of Financial Obligations. This is very important, but you should know that this accounts for only about a third of the total score.

• Amount of Available Credit. Your credit score might be impacted by the number of credit cards you have, even if you never use them.  They indicate the amount of credit you have access to, thus opening up the chance of financial strain.

• Your Debt Ratio.
  Lenders will consider your debt ratio when you apply for a Long Beach mortgage. In spite of an excellent credit rating they will use this debt ratio to see if you can take on additional debt for a mortgage on your Long Beach home.

• Consolidation of Debt. Although, this might make it easier to pay off debt and thus increase your credit score, the process of consolidation will have no effect on your credit score.
  

What do the Credit Score numbers mean?

Your FICO score is comprised of a compilation of your credit history from the three major credit reporting bureaus, Equifax, Transunion, and Experian. Basically your credit score is determined by a formula that is calculated that is proprietary information and owned by Fair Isaac.  Your credit score number will be between 300-900, and the higher the number the better off you are.

Are you ready to start the process of applying for a Long Beach Mortgage now?  Before you approach a lending institution for a Long Beach home mortgage, know where you stand with your credit score.  Not sure where you stand, a good Mortgage professional will assist you with obtaining a copy of your report.  After obtaining a copy of it, they will review it with you and assist you to resolve any issues that are affecting your
credit score negatively.

Guest author: Colleen Kulikowski, Buffalo NY Realtor

Read More Details

Posted on November 20, 2008 by Laurie Manny

Green Living in Long Beach California – Water Conservation

Owners of Long Beach Homes have a unique opportunity to contribute to the environment, go green and conserve water.

Did you know that most homeowners over water their lawns by 30% to 300%? That’s a whole lotta wasted water folks! I have to admit, I’ve been guilty of doing this myself on occasion, it’s just so nice to have a lush, green lawn and it shows a real pride in Long Beach home ownership. With the economy in shambles and water in short supply and sporting a hefty price tag, now is a good time to think of creative ways to both conserve water and money in our Long Beach Homes.

Ric Romero of ABC Eyewitness News reports: Rob Patten of Agoura Hills lives on 3/4 of an acre. His water bills have been coming in at over $300 monthly, a staggering number which made him decide to do something about it. After installing a new gadget called Cyber-Rain he has been able to reduce his monthly bill by about $100 and conserve a fair amount of water at the same time. See How it Works.

Cyber Rain XCI is an 8 zone sprinkler system which claims to save homeowners 30% to 70% on their watering bills through the use of their PC and automatic weather updates from the Internet by automatically adjusting the amount of water usage based on weather and seasonal conditions. It even provides the ability to check your water usage on your computer. Ingenious!

Jonathan Neidnagel, CEO of Cyber-Rain claims that this system can pay for itself in 3 or 4 months. Priced at about $295 this is not a cheap system, but may very well offer the best return on the investment and is a wonderful green contribution to the environment. Read more about this product and the effect it can have on our Southern California community over at the Cyber-Rain blog.

A big thanks to my friend Joe over at the Sellsius Blog for finding this great gadget.

Read More Details

Posted on November 11, 2008 by Laurie Manny

Long Beach 2009 Real Estate Market Outlook

Long Beach Real Estate News

Long Beach real estate market 2009 Forecast

Author: Brian Brady.

If bifurcation was the theme for the 2008 Long Beach real estate market, convergence will be the theme in 2009. Both the bifurcation of 2008 and the Convergence of 2009 are closely tied to the ability to finance Long Beach properties.  While prices were lower across Long Beach, this past year, the under
$400,000 real estate market was extremely hard hit. Vanishing stated income and Sub-prime loan programs reduced the number of qualified buyers, driving prices dramatically lower in areas like California Heights, Lakewood Plaza/Rancho, Bixby Knolls, and the non-waterfront condominiums in Downtown Long Beach. In some cases, those prices are below the fundamental value, and offer a great buy for investors and owner-occupants alike.

The Long Beach neighborhoods of Belmont Shore, Belmont Heights, Bluff Park, Alamitos Beach and Virginia Country Club might not fare so well in 2009, While I expect Long Beach homes priced below $500,000 to hold relative value next year, it’s the homes priced over $700,000 and below $1,000,000 that are most vulnerable to vanishing financing. I discussed this very challenge in my 2009 San Diego Real Estate Outlook:

The key component to the housing recovery for San Diego remains in
The ability for a home buyer to get financing. The US Treasury stepped
In to provide financing for properties under $625,000, by:

(a) increasing the loan limits for FHA, conforming and VA loans to 115% of median price (expected Jan,2009)
(b) nationalizing Fannie Mae and Freddie Mac (guaranteeing the loan from default)

The luxury home market ($1,000,000 and above) is generally a cash
Market. As such, credit availability affects those housing units far
Less than the “rank and file” developments inhabited by those of us in
The “working class”. Expect SOME softness in the luxury home market but
If the buyer likes the home, she’ll either pay cash or have access to
Highly specialized financing available to the only asset-rich.

After January 1, 2009, the government loan limits will be capped at $625,000 for Long Beach. This means that rates for loan amounts above that number will be as much as 2% higher than the government-backed Financing and downpayment requirements will be 25% or greater. If you’re selling a home in that price range, the buyer pool is about to shrink in about 3 months.

Exacerbating this financing issue is the loss of jobs a recession may bring. Unemployment in California has spiked this past year.  Job losses have been concentrated in the lower to middle income range
in 2008 while the upper-income jobs have remained relatively safe. A recession will hit those upper-income jobs harder than the lower income ones. I said that 2008 is the year where the “rich will get not rich and the poor will get clobbered“; that certainly happened this year. 2009 will be the great equalizer as the higher-priced homes decline and higher-paid jobs disappear.

What then, should be your strategy for 2009?

Investors should pay close attention to the lower-end of the real estate market for fantastic buys. Long Beach real estate is a great investment and opportunities to own a property that offers positive cash flow are evident today in the under $500,000 market. There will be some great opportunities in those mid-priced homes, next year as well as the $700,000 to $1,000,000 drops below the financing caps.

If you’re planning on selling a Long Beach home in that $700,000 to $1,000,000 price range, better to list it today rather than to wait until after the new year. Veterans can buy up to $729,000 with no money down. FHA buyers can buy up to $729,000 with 3.5% down. Conventional buyers can buy to that limit with as little as 5% down…today. Next year, that all goes away.

Brian Brady is a Managing Director with World Wide Credit Corporation, a San Diego-based mortgage banking and brokerage firm. Google calls him America’s #1 Mortgage Broker; you can call him at (858)-777-9751

Read More Details

Posted on October 15, 2008 by Laurie Manny